Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

FITCH: China’s Credit Bubble Is Unprecedented In Modern World History

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Ambrose Evans-Pritchard
London Telegraph
June 17, 2013

The agency said the scale of credit was so extreme that the country would find it very hard to grow its way out of the excesses as in past episodes, implying tougher times ahead.

“The credit-driven growth model is clearly falling apart. This could feed into a massive over-capacity problem, and potentially into a Japanese-style deflation,” said Charlene Chu, the agency’s senior director in Beijing.

“There is no transparency in the shadow banking system, and systemic risk is rising. We have no idea who the borrowers are, who the lenders are, and what the quality of assets is, and this undermines signalling,” she told The Daily Telegraph.

Full article here

This article was posted: Monday, June 17, 2013 at 4:52 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Rick Perry's Border Solution is A Bait and Switch See the rest on the Alex Jones YouTube channel.

The UN Treaty That Created Violent Drug Gang Culture Revealed See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.